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World-Transit launches HUF 204 mln capacity expansion

Hungarian logistics company World-Transit on Thursday ceremoniously launched a HUF 204 million capacity expansion at its base in Mándok (NE Hungary).

World-Transit will lay asphalt on about 7,600 square meters of its base as well as renovate warehouses.

The company won a HUF 102 million grant for the investment from the Economic Operative Program, a framework for paying out European Union funding.

World-Transit has made more than HUF 430 million of investments over the past several years. EU grants covered HUF 215 million of the costs.

World-Transit had net revenue of HUF 2.1 billion in 2010, up from HUF 340 million in 2009, managing director István Szabó told MTI.